News
STOCKS | Staff Reporter, Singapore
view(s)

Daily Markets Briefing: STI down 0.18%

Don't expect gains today.

The Straits Times Index (STI) ended 5.9 points or 0.18% lower at 3322.7, taking the year-to-date performance to -2.36%.

The top active stocks today were DBS, which declined 0.30%, SIA, which declined 5.37%, CH Offshore, which gained 0.77%, Singtel, which declined 0.31% and Venture, with a 2.26% fall.

The FTSE ST Mid Cap Index declined 0.25%, while the FTSE ST Small Cap Index declined 0.24%. 

According to OCBC Investment Research, US stocks closed lower following disappointing results from Twitter Inc. and bellwethers, including Exxon and Intel. The highly-anticipated release of gross domestic product data also showed that economic growth remains relatively strong but came in a shade below lofty expectations.

Eight out of eleven S&P 500 industries ended lower, led by Information Technology (-1.99%) and Real Estate (-0.93%) while Telecommunication Services (1.94%) and Financials (0.24%) led the gains. The index was up 0.61% for the week.

"We expect the local bourse to tread cautiously today, following the weakness on Wall Street Friday," OCBC Investment Research said.

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.